During the last session, Stitch Fix Inc (NASDAQ:SFIX)’s traded shares were 0.76 million, with the beta value of the company hitting 1.91. At the end of the trading day, the stock’s price was $4.13, reflecting an intraday gain of 6.44% or $0.25. The 52-week high for the SFIX share is $5.05, that puts it down -22.28 from that peak though still a striking 50.12% gain since the share price plummeted to a 52-week low of $2.06. The company’s market capitalization is $523.86M, and the average intraday trading volume over the past 10 days was 1.35 million shares, and the average trade volume was 2.15 million shares over the past three months.
Stitch Fix Inc (SFIX) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.29. SFIX has a Sell rating from 1 analyst(s) out of 6 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.15.
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Stitch Fix Inc (NASDAQ:SFIX) trade information
Stitch Fix Inc (SFIX) registered a 6.44% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.44% in intraday trading to $4.13, hitting a weekly high. The stock’s 5-day price performance is 10.43%, and it has moved by 43.40% in 30 days. Based on these gigs, the overall price performance for the year is 21.11%. The short interest in Stitch Fix Inc (NASDAQ:SFIX) is 7.17 million shares and it means that shorts have 4.05 day(s) to cover.
The consensus price target of analysts on Wall Street is $4, which implies a decrease of -3.25% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $22 respectively. As a result, SFIX is trading at a discount of -432.69% off the target high and 27.36% off the low.
Stitch Fix Inc (SFIX) estimates and forecasts
Statistics show that Stitch Fix Inc has outperformed its competitors in share price, compared to the industry in which it operates. Stitch Fix Inc (SFIX) shares have gone up 84.38% during the last six months, with a year-to-date growth rate more than the industry average at 38.38% against 7.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 1.87% this quarter and then jump 13.40% in the quarter after that. In the rating firms’ projections, revenue will decrease -14.46% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 306.93M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 283.61M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 364.79M and 330.4M respectively. In this case, analysts expect current quarter sales to shrink by -15.86% and then drop by -14.16% in the coming quarter.
While earnings are projected to return 47.60% in 2024.
SFIX Dividends
Stitch Fix Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Stitch Fix Inc (NASDAQ:SFIX)’s Major holders
Stitch Fix Inc insiders own 5.84% of total outstanding shares while institutional holders control 87.02%, with the float percentage being 92.42%. WORKING CAPITAL ADVISORS (UK) LTD. is the largest shareholder of the company, while 215.0 institutions own stock in it. As of 2024-06-30, the company held over 11.98 million shares (or 9.8787% of all shares), a total value of $49.72 million in shares.
The next largest institutional holding, with 10.32 million shares, is of BLACKROCK INC.’s that is approximately 8.508% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $42.82 million.
Also, the Mutual Funds coming in first place with the largest holdings of Stitch Fix Inc (SFIX) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 2.82 shares. This amounts to just over 2.70 percent of the company’s overall shares, with a $11.56 million market value. The same data shows that the other fund manager holds slightly less at 2.33, or about 2.23% of the stock, which is worth about $9.54 million.
